AGP Executive Report
Last update: 10 hours agoCost-of-living pressure: A Finder survey flags that grocery stress is pushing some Australians into risky behaviour, including scanning items at self-checkouts and eating food past its best-before date. Housing & RBA outlook: AMP economists say housing is still the swing factor for the next RBA decision after July inflation came in at 3.5%, with housing’s outsized weight in the CPI keeping rate-hike risk alive. Retail banking & payments: PayRewards launches in the US with a points-for-bank-transfers model, pitching fairness for small businesses and charging 1.75%–3.25% depending on tier. Supermarket earnings: Woolworths beats profit expectations, lifting FY start momentum and dividends as shoppers trade down to cheaper and own-brand goods. Markets & crypto: Bitcoin’s rally cools as it struggles to hold above $80,000 after its strongest weekly run in years, with traders watching US inflation signals. Regional funding push: Five South Australian regional council groups back reforms to restore Financial Assistance Grants and shift toward formula-based funding. Tech & energy: Commentary warns Australia’s AI/datacentre boom may mean more imported hardware and energy-hungry builds without clear productivity gains.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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